The stated mission of Churchill in this investment structure is to provide an opportunity for smaller investors to participate in cash-flowing real estate investments in the same manner that large Institutions and Pension Funds invest. The Churchill team provides investors with an investment vehicle that incorporates a Tax Free Savings Account (TFSA) eligible and an RRSP/RESP eligible component in an extremely tax efficient structure, along with a Limited Partnership Unit, into one investment unit that enables investors to participate and benefit from owning revenue producing investment properties.Churchill VII Real Estate Limited Partnership is fully subscribed.
Each (“Unit”) is comprised of one limited partnership unit (an “LP Unit”) of the Limited Partnership in the amount of $250 and one RRSP eligible Series A debenture (“Debenture”) of the Debenture Issuer in the principal amount of $1,000.
|Property Name||Location||Asset Type||SF||Purchase Date||Purchase Price||Sale Date||Sale Price||Value +/-|
|Maple Leaf Distribution Centre (50% interest)||Saskatoon, SK||Industrial||163,418||June 2009||$10,503,000||January 2010||$12,750,000||$2,247,000|
|CARA Foods (Churchill VII – 50% interest)||Vaughn, ON||Office||100,398||May 2010||$17,375,400||April 2013||$21,000,000||$3,624,600|
|Aggregate SF:||263,816||Aggregate Purchase:||$27,878,400||Total Gross Profit Margin:||$5,871,600|